Pall Corp. earns $62.8 million in its fourth quarter, up 45%

LauraMandaro

SAN FRANCISCO (MarketWatch) - Pall Corp.
PLL, -2.45%
whose filters are used in fields as diverse as refining and medicine, reported late Tuesday fiscal fourth-quarter 2006 net earnings of $62.8 million, or 50 cents a share, compared with $43.4 million, or 34 cents, a year ago. Revenue for three months ended July 31 totaled $597 million, up nearly 14% from $525 million in the year-ago quarter. Analysts polled by Thomson First Call had expected the company to post per-share earnings of 46 cents on $556 million in revenue. Pall expects to make $1.45-$1.60 a share in its fiscal year ending in July 2007 vs. $1.48 expected by analysts. Pall shares closed ahead of the report at $27, down 0.7% on the day.

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